Top Indonesia Imports 2024: Market Insights

Indonesia Import Portfolio Overview in 2024 Whole Year

• Dominated by energy imports (HS 27, 18.15%, $16.55B) and capital goods (HS 84, 14.27%, $13.01B; HS 85, 12.30%, $11.21B).
• Moderate concentration risk: Top 3 sectors account for 44.72% of imports, reflecting balanced industrial and consumer demand.
• Imports align with Indonesia’s role as a manufacturing and processing hub, reliant on energy inputs and machinery for production and export-oriented sectors.

Table: Indonesia Top Import Product in 2024 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products

• Driven by petroleum oils (HS 2710, $8.88B, 53.65% of sector), primarily crude and refined products.
• Product type: Raw material and intermediate good, essential for energy security and industrial feedstock.
• Dominance exists due to Indonesia’s shift from net exporter to net importer of fuel, driven by rising domestic consumption, refining gaps, and infrastructure needs.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Led by automatic data processing machines (HS 8471, $1.19B, 9.13%), indicating focus on tech and manufacturing infrastructure.
• Acts as a complement to energy imports: Machinery enables industrial capacity expansion, supporting export manufacturing and domestic productivity.
• Strategically critical for upgrading Indonesia’s industrial base and integrating into global supply chains for electronics, automotive, and machinery production.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Dominated by telephone sets (HS 8517, $3.27B, 29.20%), including smartphones and communication devices.
• Role: Finished consumer goods and components, reflecting strong domestic demand and assembly-driven manufacturing.
• Signals Indonesia’s position as a key market and assembly point for global electronics, balancing import dependency with export-oriented processing activities.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Indonesia's largest import commodity in 2024 Whole Year?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $16.55B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 53.65% of the sector's total value.

Which specific Mineral fuels products does Indonesia import most in 2024 Whole Year?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils and oils obtained from bituminous minerals (HS 2710) - $8.88B
2. Petroleum oils and oils obtained from bituminous minerals, crude (HS 2709) - $4.07B
   Together, these two products make up 78.27% of the sector's total imports.

Does Indonesia import Nuclear reactors, boilers, and machinery in 2024 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Indonesia’s second-largest import sector, valued at $13.01B. The top product in this category is Automatic data processing machines (HS 8471), accounting for 9.13% of the sector’s imports.

What are the main industries driving Indonesia's economy?

Indonesia’s import economy is heavily reliant on three key sectors:

1. Mineral fuels (HS 27) - $16.55B (18.15%)
2. Machinery and mechanical appliances (HS 84) - $13.01B (14.27%)
3. Electrical machinery (HS 85) - $11.21B (12.30%)
   These three sectors alone make up 44.72% of total imports.

How to find Indonesia Mineral fuels buyers?

You can access a list of active overseas buyers and importers for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts for verified importers.

Detailed Quarterly Report

Indonesia Top Import Product 2024 Q1Indonesia Top Import Product 2024 Q2